If you fly on a non-Flexjet aircraft for more than five percent of your utilized hours, those hours will be credited back to your annual allocated hours for the following year. Efficient., Lee, Tom and the team at Essex have worked with us over the years on a variety of fixed wing, rotor and other special projects, performing to superior standards throughout. Share sizes range from 1/16th (50 hours) to 1/2 (400 hours), with no limit on the number of shares one may own. As the length of your trip increases, the hourly rate decreases, providing an attractive solution for cross-country or international travel. Total hourly rate charge (THR) The THR is the rate you pay per hour flying, and includes the cost of fuel. On Dec. 14, 2004 the FAA issued a notice that corrects the date by which all fractional operations must be in compliance with FAR Part 91, Subpart K. NBAA was expecting the correction that changes an incorrect Dec. 17, 2004, compliance date to Feb. 17, 2005. A preferred solution for supplemental options and/or avoiding upfront capital investment. Monthly Management Fee - Covers the indirect expenses associated with operating your aircraft, including pilot training, insurance, cabin support, trip management, crew provisions, and other administrative costs, Hourly Rate - Charged for each hour an aircraft is in flight, plus 2/10 taxi time. Print Share. The SMA Network is designed to help you Fly More. What are the benefits of fractional aircraft ownership? What's more, the Flexjet fractional program even predicts the majority of costs for the duration of your contract. This includes, but is not limited to aircraft monthly management fee, pilot salaries, crew, aircraft insurance, hangar, cabin support, administrative fees, and crew training. This field is for validation purposes and should be left unchanged. You've disabled cookies in your web browser. Most providers rotate their large fleet of aircraft and aircraft crews to meet the travel requirements of each fractional owner. The aircraft owners used the common management company to provide aviation management services including maintenance of the aircraft, pilot training and assignment, and administration of the leasing of the aircraft among the owners. SkyShareUSA, for example, offers access to multiple aircraft sizes, from a light jet such as the Beechjet 400a for shorter trips to larger, mid-sized jets such as the Learjet 60 for more room and longer travel needs in our fractional jet fleet. Fractional shares can especially be cost effective if you plan to stay at your destination for a long period of time, since you only pay for your occupied flight time, not the positioning flights. Choose generous interchange bonuses on . Obsessive attention to detail ensures efficient and accurate logistics with around the clock service. This was an increase of more than 7% compared to 2021, and up about 65% compared to the reduced pandemic levels in 2020. Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. We made this choice in order to avoid any conflicts of interest by representing both a buyer and seller. The West Coast of Florida offers a tropical climate that makes it possible to fly all year round in beautiful blue skies . But if you fly a lot, these programs cost less per hour. The First Cost Basis is signing your purchase agreement for your Fractional Share of a particular type of aircraft. As some of the most rigorously flight-trained and experienced pilots in the industry, the pilots of SkyShareUSA's fleet exceed the highest levels of professionalism, proficiency, and flying expertise required by the Federal Aviation Regulations, Part 135. Florida Fractional Club puts a New Spin on the Concept. 1 opening available. If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. Step off a Sky Share USA jet and into a private limousine, town car, or a prearranged rental car. In an email sent this afternoon to employees and a follow-up 8-k filing, Wheels Up said it will cut annual employee expenses by $30 million. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. Typically, for any flights lasting under one hour, you will incur a standard minimum charge of one flight hour. flyExclusive Fractional gives owners the consistency and reliability of a large owned and operated fleet. It is our desire to form and maintain long-term relationships with our clients and remain accountable for the analysis and support of past and ongoing decisions. In some cases, the tax exemptions are customized to suit your interest and your tax situation. "Now, new Vision Jet owners can simply arrive and fly. For Commercial Pilots and Instructors, the SMA Network is designed to help provide you more income opportunities in the air (or on the ground) and be found by more owners and pilots in your area so you can Fly More. ShareMyAircraft is the internet's best resource to help you find a fractional share in Tampa, FL or throughout the country. You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. Fractional owners also do not have to pay a deadhead cost that is, any costs incurred from positioning the aircraft to their departure point. Created by the FAA on Oct. 6, 1999, the committee's objective was to propose revisions to the Federal Aviation Regulations and associated guidance material with respect to fractional ownership programs. Fractional ownership is a convenient way to enjoy the benefits of private, recreational, and business aviation while minimizing the resulting high costs of whole aircraft ownership or charter. Please feel free to give us a call at 407-923-2336 to discuss what options are available. Versatility Plus is an innovative Flexjet-exclusive that allows you to customize your annual flight hours to align with the actual number of flight hours you require each year. Responsive. Do fractional aircraft ownership shares have residual resale value? The 2023 NBAA Tax, Regulatory & Risk Management Conference is the premier conference for attorneys, CPAs, financial advisors, CFOs and flight operations professionals looking for tax planning strategies from industry leaders. As you were browsing something about your browser made us think you were a bot. Request Information. The FAAs final rule Regulation of Fractional Aircraft Ownership Programs and On-Demand Operations sets regulatory standards for fractional ownership operations (Part 91, Subpart K) and updates requirements for on-demand charter operations (Part 135). Discover a DiamondShare near you. We have your aircraft ready for you today! Welcome to the Intelligent Private Flying Solution. Your allocation of hours is dependent upon how much of the jet you own. That slice of an SR22 pie costs $71,900, with a $760 monthly management fee and hourly operating cost, including the current fuel price adjustment, of around $90 per hour. Maybe. Am I A Good Fit? SkyShareUSA acquires underutilized, low-hour aircraft to avoid the overnight depreciation incurred when buying a new one. Making the perfect partnership work perfectly. Their process was comprehensive and thorough. Private jet fractional ownership provides access to multiple cabin sizes, while our team of private aviation experts handles every aspect of your travel experience using a personalized approach. DiamondShare Opportunity. These fees cover your ownerships portion of the fixed costs, including maintenance, pilots salary, crew salaries, insurance, hangar fees and other administrative costs. What documents do I need to sign when I purchase a fractional jet ownership share? The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. 1999 CESSNA CITATION JET For Fractional Ownership in San Diego, California at Controller.com. Partners in Aviation. Amid a backdrop of personal and business flight options in the form of aircraft timeshare, jet cards, jet membership programs, and aircraft charter or the high cost of whole aircraft ownership, the, Contact us for your customized private flying solution. If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. . Lifestyle and educational content that brings our brand of aviation to life. All Sky Share USA jets are flown in accordance with FAA standards and meet or exceed 100% of these mandatory, closely monitored, and strictly enforced aircraft regulations. If you're flying less than expected, reduce your costs by selling hours to other Flexjet owners. We leverage decades of instructional knowledge, as well as manufacturing expertise, for an unmatched training environment. It was so easy to use - I loved making and posting a flyer. This is calculated as an hourly rate to cover two items: the fixed cost of maintenance also known as a monthly maintenance fee, and the fuel needed for the aircraft type. The 2023 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. Innovative Solutions Our modern fleet of luxury private jets and unique programs ensure the most luxurious, financially efficient, sustainable solution, every time. Aircraft Sales Advertising and marketing to assist with aircraft share liquidity to transfer ownership to new owners for a 1% filing and transaction fee in addition a monthly membership plan. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. Throughout the process, Essex was a knowledgeable, trustworthy and detail oriented partner.. Aircraft For Fractional Ownership in FLORIDA 1 - 17 of 17 Listings. You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. See how companies of all sizes use aircraft to help their businesses succeed. And after, we can help with scheduling, maintenance and even handle the money! We can then help with all the sharing docs, financing, insurance, and training. When you choose Sky Share USA, you are choosing the intelligent choice in private Air Travel. Fractional lets you secure the best aspects of whole aircraft ownership for a portion of the cost and with none of the responsibility. Services; Co-Ownership Vs. Partnership; . We take care of it all. Aircraft Description $650,000 for 50% ownership in this excellent running low hours jet. But his concept is more than just an affordable buy-in. The objective of the FOARC was to propose such revisions to the Federal Aviation Regulations and associated guidance material as may be appropriate with respect to fractional ownership programs. On Feb. 23, 2000, the FOARC presented its recommendations to the FAA in the format of a Notice of Proposed Rulemaking. We are the nations largest buyer and seller of the jets that comprise our fractional jet fleet. Half the Cost.Oppo. Competent. Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. Our planes are always maintained according to the Manufacturers Maintenance Schedules as well. . However, SkyShareUSA has a program to offset repositioning charges for owners. The aircraft owners participating in the program agreed not only to share their own aircraft with others having a shared interest in that aircraft, but also to lease their aircraft to other owners in the program (dry lease exchange program). Depending on their needs, fractional jet owners may choose to reinvest in another by the hour term or upgrade at any time. The expertise of Essex allowed us to understand more fully our flight metrics, history, costs and how to match our future aviation needs with available options in a way that would not have been possible on our own., Throughout my career as a family office executive, Essex Aviation has been my go to aviation expert. Our success lies in delivering maximum freedom of movement, comfort, and familiarity while ensuring that every single flight reaffirms our owners decision to join the PlaneSense fractional program. George Antoniadis, CEO & President. Potentially. Usage. 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